Lam Research Corporation $LRCX Stake Decreased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lessened its position in Lam Research Corporation (NASDAQ:LRCX) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,742 shares of the semiconductor company’s stock after selling 3,665 shares during the quarter. Lam Research accounts for 1.2% of Dana Investment Advisors Inc.’s portfolio, making the stock its 10th largest position. Dana Investment Advisors Inc.’s holdings in Lam Research were worth $40,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lingohr Asset Management GmbH grew its stake in Lam Research by 590.7% in the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after purchasing an additional 50,933 shares in the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Lam Research by 52.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after acquiring an additional 89,856 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Lam Research by 119.6% during the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after purchasing an additional 913,009 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Down 1.1%

Lam Research stock opened at $242.27 on Tuesday. The business’s 50-day simple moving average is $210.67 and its two-hundred day simple moving average is $161.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company has a market cap of $302.54 billion, a PE ratio of 49.65, a PEG ratio of 2.63 and a beta of 1.78. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio is presently 21.31%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. New Street Research boosted their target price on shares of Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Citigroup lifted their price objective on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Mizuho set a $265.00 target price on shares of Lam Research in a research report on Wednesday, January 28th. Susquehanna set a $325.00 target price on shares of Lam Research and gave the company a “positive” rating in a research note on Thursday, January 29th. Finally, Needham & Company LLC upped their price target on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $244.88.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.